The whole crypto space was under a catastrophic drop after the Terra (LUNA) token bottomed 99% in just two days where the Blockchain’s stablecoin UST depegged leading to the crypto crash. LUNA was cre...
Category: Bitcoin
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BTC Fails to Conquer $30K, More Pain to Come?
Over the last ten days, the $30K demand zone, which was expected to be a strong support level for reversing any downtrend price movement, was broken to the downside. Now, it acts as a magnetic resista...
Bitcoin Gearing Up for a Big Move in the Next Three Months, Says Crypto Strategist – Here Are His Targets
A closely tracked analyst believes that Bitcoin is almost ready to pull off a big move now that the leading crypto asset by market cap breached a key psychological support area of $30,000. In a new st...
Bitcoin Has No Future As A Payment Network — FTX CEO ⋆ ZyCrypto
Advertisement     Sam Bankman-Fried, founder and CEO of crypto-exchange FTX believes that Bitcoin has no future as a payment network. According to a Monday report by t...
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year – Bitcoin News
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to t...
Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market
Bitcoin has now entered perhaps one of its most bearish periods ever. The cryptocurrency which has held up quite nicely through all of the market scandals is seeing even more bad news ahead. Previousl...
Central Banks From 32 Different Countries To Meet in El Salvador To Discuss Bitcoin Rollout, Says Nayib Bukele
The president of the first country to adopt Bitcoin (BTC) as legal tender is planning to meet with central banks from 32 different countries to discuss BTC and its role in economies. El Salvadoran pre...
Bitcoin price prediction: From the bear to the bull
Crypto is in a bear market and Bitcoin continues to hover near $30,000 as bulls battle bears amid broader market weakness. At the time of writing, BTC/USD pair is down 1.4% in the past 24 hours. Over ...
Bitcoin betting site is 1xBit – evaluate its advantages today
Cryptocurrencies are becoming more and more important and valuable in today’s world. At the same time, earning them is still not something simple. One of the most rational ways to get digital assets i...
These Metrics Could Help Time the Bitcoin Market Bottom
Key Takeaways Bitcoin has lost more than 43,600 points over the past seven months. The top cryptocurrency now hovers around $30,000 while threatening to dip lower. Technical indicators suggest marke...
What Happened to Terra’s Bitcoin Reserve as UST and LUNA Crashed
Last weekend, as Terra’s UST stablecoin showed the first warning signs of instability, slipping from its dollar peg to $0.985, Luna Foundation Guard (LFG), the nonprofit responsible for overseeing the...
Bankman-Fried says BTC is not a dependable payments system
FTX CEO Sam Bankman-Fried believes that Bitcoin has no future as means of payment. Bankman-Fried says Bitcoin’s Proof-of-Work network is not suitable for payments. He thinks it is slow and expensive ...
Institutional Investors Accumulate Staggering $298,000,000 in Bitcoin As Ethereum, Solana and Additional Altcoins Tread Water: CoinShares
Institutional investors took advantage of last week’s Bitcoin sell-off in record numbers for 2022, according to CoinShares. In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that ...
El Salvador To Host 44 Countries For Bitcoin Discussion
President Nayib Bukkele has announced that financial authorities from 44 countries are meeting this Monday in El Salvador to discuss Bitcoin and other related matters. President Announces Bitcoin Mee...
44 Countries Set To Meet El Salvador To Discuss Bitcoin, Here’s What We Know
Before El Salvador had made Bitcoin a legal tender, it was a relatively unknown small North American country. The decision to make bitcoin legal tender alongside the U.S. dollar had given it overnight...
CZ Says Binance Supports Proposal to Compensate LUNA Retail Users First – Featured Bitcoin News
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a ...
44 Countries As Invitees To El Salvador’s BTC Meet
2 hours ago | 2 mins read Bitcoin News El Salvador is the first country to adopt BTC as a legal tender. Bitcoin laid out the map of ‘Bitcoin City’ on May 10. President Nayib Bukele announced on Twitte...
SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF...
Bitcoin Breaches $30K as Ethereum, Cardano, Solana Join Weekend Rally
Bitcoin, the largest cryptocurrency by market cap, briefly rose above $30,000 today after six straight weeks of market declines. As of this writing, Bitcoin was up nearly 4% to 29,980.72, according to...
What happened to the bitcoin reserve behind Terra’s UST stablecoin?
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to fi...
XMR and SOL Higher on Monday – Market Updates Bitcoin News
Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. ...
May Brings Showers Not Flowers as Bitcoin Languishes in Terra Aftermath
Duong says that from a price-chart perspective, bitcoin is in a “no-man’s land” with the next major technical support at the 200-week moving price average around the $22,000-23,000 area. “If thi...
Number of addresses with over 1 Bitcoin hits new all-time high despite volatility
Although Bitcoin (BTC) continues to struggle in an attempt to reclaim the highs of last year, the latest data indicates that addresses with at least one BTC is on the rise. As of May 16, 2022, the nu...
44 Central Banks to Attend Bitcoin Gathering in El Salvador – Trustnodes
32 central bankers and 12 financial institutions from 44 countries, including Egypt and Pakistan, are to descent on El Salvador on Tuesday. In the biggest meeting of its kind, and the first where bitc...
Bitcoin (BTC) Price Loses Bullish Momentum, Falls Under $30K
The price may begin a new negative wave if it falls below $28,000. If BTC breaks through the $30K level, a new upward trend may be on the horizon. Over the last two weeks, the cryptocurrency markets h...
44 Countries to Meet in El Salvador to Discuss Bitcoin, Other Things
Nayib Bukele has revealed that representatives from several countries will meet in El Salvador on Monday for discussions on Bitcoin adoption. El Salvador president Nayib Bukele recently announced on T...
Bitcoin, Binance Coin, Nexo, and OKB Daily Price Analyses – 16 May Morning Price Prediction
The global crypto market has shifted to the negative side of the trajectory as the performance of various coins sees difficulties. The change in the performance of Bitcoin, Binance Coin, and others ha...
Bitcoin Dominance Rate Bounces Sharply After Triple Bottom Pattern
After creating a bullish pattern, the Bitcoin Dominance Rate (BTCD) has broken out from a nearly yearlong descending resistance line. On Jan 2022, BTCD bounced at the 40% long-term support area for th...
Can Bitcoin’s [BTC] current ‘oversold’ situation trigger a recovery past $30k
Bitcoin, the largest cryptocurrency suffered major limelight into extreme fear territory not seen since the COVID-19 crash. The worst trading day came on 12 May, when BTC slumped from just over $30,00...
BTC Mass Adoption On The Horizon As Over 40 Nations Set To Discuss Bitcoin In El Salvador ⋆ ZyCrypto
Advertisement     President Nayib Bukele has announced that El Salvador will be hosting 44 countries “to discuss financial inclusion, digital economy, banking the unba...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries – Bitcoin News
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since ...